If You Don't Have Bread, Eat Art!: Contemporary Art and Derivative Fascisms

Authors: Hito Steyerl
Keywords: Currency, Economics, Globalisation, Art, Markets
First 100 words: Is art a currency? Investor Stefan Simchowitz thinks so. He wrote with uncompromising clarity about the post-Brexit era: ‘Art will effectively continue its structural function as an alternative currency that hedges against inflation and currency depreciation.' Have silver paintings become a proxy gold standard? How did it come to this? During the ongoing crisis, investors were showered with tax money, which then went into freeport collections, tower mansions, and shell companies. Quantitative easing eroded currency stability and depleted common resources, entrenching a precarious service economy with dismal wages, if any, eternal gigs, eternal debt, permanent doubt, and now increasing violence…

Behaviour

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Portfolio & Trading

Total Returns Benchmark Returns Alpha Beta Sharpe Sortino Volatility Max Drawdown
7.25% 11.1% 0.05 0.36 2.17 3.99 0.05 -1.92%
Created with Highstock 1.3.10ZoomFeb 2017Mar 2017Apr 2017May 2017Jun 2017Jul 2017Aug 2017Sep 20170%5%-5%10%15%-10010200k10k-10k-250k0k250k500k

Monthly returns

Returns 1 Month 3 Month 6 Month 12 Month
January 20170.0046N/AN/AN/A
February 2017-0.0064N/AN/AN/A
March 20170.02830.0265N/AN/A
April 20170.01080.0329N/AN/A
May 2017-0.00630.0329N/AN/A
June 2017-0.00040.00420.0308N/A
July 20170.01970.0130.0464N/A
August 20170.0140.03370.0678N/A
September 20170.00610.04040.0448N/A

Current positions

TickerQuantityPriceValue
ACN-110$128.36($14,119.60)
BR71$76.94$5,462.74
CGW720$33.08$23,817.60
CIBR4211$20.93$88,136.23
ERUS781$30.76$24,023.56
EZU572$41.74$23,875.28
FONE494$48.50$23,960.48
FXB189$124.61$23,551.29
IBM706$142.20$100,393.20
IEUR498$47.79$23,799.42
JPM47$91.68$4,308.96
LIT741$32.62$24,170.68
ROBO-31$36.12($1,119.72)
SNSR1317$18.23$24,008.91
TAN1105$21.34$23,580.70
WEAR1019$17.17$17,499.29
WOOD385$62.17$23,935.45
Cash- -- -$87,234.19

Total value: total:$526,518.66

Total value: total:$526,518.66